JHDV vs. IVV

Last updated Jun 24, 2026

JHDV (John Hancock U.S. High Dividend ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - JHDV is a Large Cap Value Equities fund actively managed by John Hancock, while IVV is a S&P 500 fund tracking the S&P 500 Index. JHDV is actively managed, while IVV is passively managed. Over the past 3 years, JHDV returned 21.41%/yr vs 20.79%/yr for IVV. Their correlation of 0.94 suggests significant overlap in exposure. JHDV charges 0.34%/yr vs 0.03%/yr for IVV.

Performance

JHDV vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock U.S. High Dividend ETF (JHDV) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHDV achieves a 17.56% return, which is significantly higher than IVV's 8.20% return.

JHDV

• 1D: -1.41%
• 1M: 1.19%
• YTD: 17.56%
• 6M: 16.88%
• 1Y: 30.01%
• 3Y*: 21.41%
• 5Y*: —
• 10Y*: —

IVV

• 1D: -1.42%
• 1M: -1.34%
• YTD: 8.20%
• 6M: 7.25%
• 1Y: 23.72%
• 3Y*: 20.79%
• 5Y*: 13.13%
• 10Y*: 15.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JHDV vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JHDV John Hancock U.S. High Dividend ETF	17.56%	14.76%	20.25%	15.99%	6.99%
IVV iShares Core S&P 500 ETF	8.20%	17.85%	24.93%	26.31%	5.74%

Correlation

The correlation between JHDV and IVV is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 28, 2022	0.94

The correlation between JHDV and IVV has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

JHDV vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHDV

JHDV Risk / Return Rank: 80
JHDV Sharpe Ratio Rank: 83
JHDV Sortino Ratio Rank: 82
JHDV Omega Ratio Rank: 80
JHDV Calmar Ratio Rank: 76
JHDV Martin Ratio Rank: 81

IVV

IVV Risk / Return Rank: 59
IVV Sharpe Ratio Rank: 59
IVV Sortino Ratio Rank: 56
IVV Omega Ratio Rank: 58
IVV Calmar Ratio Rank: 56
IVV Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JHDV vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock U.S. High Dividend ETF (JHDV) and iShares Core S&P 500 ETF (IVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JHDV	IVV	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.91	+0.56
Sortino ratio: Return per unit of downside risk	3.34	2.60	+0.75
Omega ratio: Gain probability vs. loss probability	1.44	1.35	+0.09
Calmar ratio: Return relative to maximum drawdown	3.65	2.68	+0.97
Martin ratio: Return relative to average drawdown	14.91	11.98	+2.93

JHDV vs. IVV - Sharpe Ratio Comparison

The current JHDV Sharpe Ratio is 2.48, which is comparable to the IVV Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of JHDV and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JHDV vs. IVV - Drawdown Comparison

The maximum JHDV drawdown since its inception was -18.97%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for JHDV and IVV.

Drawdown Indicators

	JHDV	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-55.25%	+36.28%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-8.89%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-18.75%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-2.03%	-3.14%	+1.11%
Average Drawdown Average peak-to-trough decline	-2.61%	-10.76%	+8.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.99%	+0.03%

Volatility

JHDV vs. IVV - Volatility Comparison

The current volatility for John Hancock U.S. High Dividend ETF (JHDV) is 4.43%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.88%. This indicates that JHDV experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHDV	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	4.88%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	9.85%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	12.48%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	16.98%	-1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.71%	18.07%	-2.36%

JHDV vs. IVV - Expense Ratio Comparison

JHDV has a 0.34% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

JHDV vs. IVV - Dividend Comparison

JHDV's dividend yield for the trailing twelve months is around 2.01%, more than IVV's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.11%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
JHDV John Hancock U.S. High Dividend ETF	2.01%	2.40%	2.50%	2.77%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHDV and IVV in my portfolio?

With a correlation of 0.90, JHDV and IVV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JHDV or IVV?

IVV has higher volatility (4.88%) compared to JHDV (4.43%). In terms of maximum drawdown, JHDV dropped -18.97% vs IVV's -55.25%.

Which ETF is better, JHDV or IVV?

On 3-year performance, JHDV leads with 21.41% vs 20.79% for IVV. On fees, IVV is cheaper at 0.03% per year. On volatility, JHDV has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHDV or IVV?

Over the 3-year period, JHDV has performed better with a 21.41% return vs 20.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHDV or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.34% for JHDV.

Which ETF pays a higher dividend yield, JHDV or IVV?

JHDV has the higher dividend yield at 2.01%, compared with 1.11% for IVV.

What is the main difference between JHDV and IVV?

JHDV is categorized as Large Cap Value Equities, while IVV is S&P 500. They also come from different issuers: John Hancock and iShares. Their fees differ too: 0.34% for JHDV and 0.03% for IVV.

Which has better risk-adjusted returns?

JHDV currently has the higher Sharpe Ratio (2.48 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.